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The following companies have different financial statistics. Turtle Co. Hare Corp. Growth rate in sales and earnings 24 % 8 % Cash as a percentage

The following companies have different financial statistics.

Turtle Co. Hare Corp.
Growth rate in sales and earnings 24 % 8 %
Cash as a percentage of total assets 5 30

a. What dividend policy would you recommend for Turtle Co.?

multiple choice 1

Low payout ratio

High payout ratio

b. What dividend policy would you recommend for Hare Corp.?

multiple choice 2

Low payout ratio

High payout ratio

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